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Airlines Slash Flights as Jet Fuel Costs Surge, Squeezing Travellers and Markets

  Airlines Slash Flights as Jet Fuel Costs Surge Canadian travellers are facing fewer flight options and higher fares as jet fuel prices spike to multi‑year highs , forcing Air Canada and Air Transat to cut capacity across key routes. The surge in fuel costs is tied directly to the ongoing Iran conflict , which has disrupted global oil flows and pushed energy markets into another period of volatility. Air Transat is reducing service to Europe and the Caribbean, while Air Canada is suspending several regional and international routes it now considers unprofitable. For consumers, this means higher ticket prices, more crowded flights, and fewer choices heading into the summer travel season . Impact on the Economy and Inflation Airlines passing fuel costs to passengers adds fresh pressure to Canada’s already‑stubborn inflation outlook. Travel inflation — which had been easing — is now expected to rise again, complicating the Bank of Canada’s path toward rate cuts. Higher travel costs a...
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China's Lunar New Year Travel Rush: A Record-Breaking 9 Billion Trips Expected

 

As the Lunar New Year approaches, China's annual travel rush, known as Chunyun, has kicked into high gear. This 40-day period, which began on January 14, 2025, is expected to see a record-breaking   9 billion trips. This massive movement of people is the world's largest annual migration, with most journeys made by car.

The Lunar New Year, marking the start of the Year of the Snake, falls on Wednesday, with New Year's Eve on Tuesday reserved for family gatherings and traditional fireworks displays. The travel rush will peak over the weekend, with 510 million trips by train and 90 million by air.

While the festival has traditionally been a time for families to reunite, rising prosperity has led many to travel overseas, with cross-border trips expected to rise by nearly 10%. Despite the economic challenges, the festive spirit remains strong, with temple markets and other traditional events drawing millions of visitors.

This year's extended public holiday, from January 28 to February 4, aims to boost consumer spending and support the economy. As travelers rush to their hometowns, the excitement and anticipation for the Year of the Snake celebrations are palpable.






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